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Over the last several years, new brands have been rolled out at a dizzying pace by the major franchise companies, all of whom are searching for any white space they can find to grow distribution and consumer loyalty.
With the growth of the extended stay segment into 2024, the industry is quickly responding to consumer demand. BWH Hotels introduced its @HOME by Best Western brand in 2022 and has built a robust pipeline of more than 40 new-build hotels.
Luxury hospitality company Four Seasons is gearing up for growth globally with a development pipeline of more than 50 hotels and resorts coming to fruition in 2024 and beyond, including its first property in Melbourne. In 2015, we launched our Private Jet Experience and have recently added our Drive and upcoming Yacht journeys.
Consumer sentiment has been a bit hesitant, and we did experience a slowdown in demand during the second quarter. Looking ahead, we have several exciting opportunities in the pipeline. In New Zealand, we’re navigating a landscape filled with both challenges and promising opportunities.
Axsia HTL attributes this to the return of international business and corporate travellers, the resumption of traditional high and low seasons and a consumer willingness to pay more for an accommodation experience. Hobart, Melbourne, Adelaide, and Perth have seen an influx of new stock over the past three years,” Simpson said.
Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. In 2024, JLL forecasts that value-add opportunities in Southeast Asia will be on the radars of investors.
Sustainability is front of mind for Giles, with plans to reduce the amount of waste, energy and water consumed at the hotel. At the end of the day, we want guests to feel like they’re coming home rather than to a hotel after a day of exploring the city.”
And how do you think that luxury consumer has changed in recent years as a result of the pandemic? You can see from the figures in our pipeline what people are looking for. Today, we have 120 MGallery hotels all around the world and we’ve got 52 in the pipeline. You need to be culturally relevant.
Hotel Indigo Melbourne on Flinders “The insights from Hotel Indigo’s consumer survey reinforce an ongoing trend we are seeing among next-generation travellers who have an eagerness to explore local cultures and a curiosity for adventure,” said IHG’s Vice President Commercial, Japan, Australasia, Pacific, Dean Jones. “The
billion in 2023, with the first quarter of 2024 seeing hotel construction pipeline at an all-time high and record-high levels seen in the luxury, upper upscale, and upscale segments. Currently, we have 58 hotels trading and 47 in the pipeline. Hotel investment volumes in the region this year are projected to reach US$10.4
By automating many of the time-consuming aspects, like room block management and rate tracking, hotel teams can operate more efficiently, maximize revenue from group stays, and focus on creating exceptional guest experiences.
” Pam Kaufman, president/CEO, international markets, global consumer products & experiences, Paramount, said, “The new Nickelodeon Hotels & Resorts Orlando will bring guests and residents an exciting new way to express their fandom and make long-lasting memories.
What does the Olympia pipeline look like? We have what I would say is a comfortable pipeline. I see the industry through the eyes of this powerful contingent of our workforce and consumer base. Olympia Hospitality welcomed the first guests last July 2024. What advice do you have for aspiring female leaders?
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